Chris Hall

NOVEMBER 25, 2024

Transparency on corporates’ decarbonisation strategies could require review of SRD II or introduction of European stewardship code. Europe’s regulatory framework should be adjusted to better support shareholder engagement efforts and give investors more oversight of portfolio companies’ climate transition progress, according to industry experts. (..)

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Chris Hall

MAY 12, 2023

There is also growing demand for education for stewardship professionals, with asset owners and managers looking to develop their in-house stewardship programmes to actively engage with investee firms to drive sustainable outcomes and long-term returns on investment.

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Chris Hall

JUNE 28, 2024

Asset owner makes progress on climate and asset manager information-sharing in first year as Stewardship Code signatory. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK Stewardship Code. Piani described the code as being “pivotal” to the development of the firm’s engagement strategy. “It

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Chris Hall

MAY 8, 2024

While one asset manager reported 5,312 engagement actions over 12 months, five others recorded 200 or fewer over the same period.

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Chris Hall

SEPTEMBER 14, 2023

As a signatory of Japan’s Stewardship Code since 2014, GPIF is committed to upholding its eight principles in its engagement activities. GPIF expects its external asset managers across active and passive funds to also take a proactive stance in engagements on ESG-related issues, said Murata.

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Chris Hall

OCTOBER 1, 2022

In line with IOSCO’s recommendations, the code is designed to improve the transparency of ratings and data providers’ methodologies, ensure procedures for managing conflicts of interest are appropriate, and improve communication channels between providers and the entities covered without undermining their impartiality. Mandatory disclosure.

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Chris Hall

MARCH 29, 2023

That’s a huge challenge.” She said that RIAA was working the UN Principles for Responsible Investment (PRI), CFA Institute and others to develop some agreed key ESG terminology. Looking globally, regulators have called on industry to agree on key terms.

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Stewardship Code Impact Investing Development 52

Chris Hall

MAY 9, 2023

The review factored in the implications of UK market abuse regulations and developments in competition law in major jurisdictions. Earlier this year, the Investor Forum updated its Collective Engagement Framework to take account of “evolving practice” in the dialogue between investors and firms on ESG themes.

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Stewardship Code Net Zero Sustainable Investment Divestment 52

Chris Hall

AUGUST 15, 2024

The investor network targets heightened presence and relevance in emerging markets and developing economies. One of those will see the network targeting the development of regional responsible investing ecosystems in EMs and developing economies. Now there’s a plethora of those – both mandatory and voluntary.”

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Chris Hall

MARCH 10, 2022

All surveyed schemes, collectively representing £150 billion AUM, said they were targeting UN Sustainable Development Goals relating to climate action. According to recent study of 650 UK occupational pension funds by investment consultants Mercer, only 35% of schemes conduct a stewardship assessment of investment managers at least annually.

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Chris Hall

JULY 7, 2022

The introduction of a toughened code has led to improved governance and resourcing of stewardship by UK-based asset managers and owners, but investment in the area faces ongoing challenges, including tensions with other staff. .

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Stewardship Code Analytics Development 52

Chris Hall

MARCH 13, 2023

ShareAction called on regulators to develop and enforce mandatory stewardship rules for asset managers and owners, noting the positive contribution to performance and disclosure made by the UK Stewardship Code 2020 and Europe’s Sustainable Finance Disclosure Regulation.

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Stewardship Code Divestment Climate Change Development 52

Chris Hall

MARCH 30, 2023

Definition and evaluation The strategy confirmed that the Financial Reporting Council (FRC) , alongside the DWP, Financial Conduct Authority (FCA) and The Pensions Regulator (TPR), will be reviewing the UK’s whole regulatory framework for effective stewardship in Q4, including the operation of the Stewardship Code. As well as considering whether (..)

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Chris Hall

DECEMBER 2, 2022

Policy ultimately aims to build the foundations that support the development of society towards shared goals, taking into account collective interests and political preferences, as well as addressing market failures. It defines roles, responsibilities and accountabilities for asset owners, investment managers, advisors, and service providers.

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Chris Hall

MAY 20, 2024

If you look at stewardship codes across the world, they touch on resources as being a key element, but without explicitly giving out guidance on how organisations can report and which resources are required,” Jessica Gao, Director of Research at the TAI, told ESG Investor.

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Stewardship Code Sustainable Investment Development 52

Chris Hall

MAY 17, 2023

A recent Financial Conduct Authority (FCA) discussion paper asked for feedback on possible regulatory change needed to support collaborative engagement and systemic stewardship, while the Financial Reporting Council is due to lead a review of its Stewardship Code. Also speaking at the Stewardship Summit, Mark Manning , Strategic Policy Advisor on (..)

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Chris Hall

MARCH 24, 2023

It instead noted that policies should “consistently promote the appropriate use of stewardship by investors as part and parcel of discharging their duties”.

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Stewardship Code Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

JULY 6, 2022

Stewardship is widely considered one of the most effective tools in an asset owner’s toolbox to ensure companies are prioritising ESG-related issues, such as mitigating the effects of climate change. . “ The DWP pointed to the IIGCC’s Net Zero Stewardship Toolkit as a useful resource.

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Chris Hall

MAY 6, 2022

She will focus on the global development of Acadian’s systematic macro business, including building out its sustainable investment framework. Prior to joining, Stevenson was Head of Business Development at Neuron Advisers, a boutique quantitative alternative investment firm. billion of assets, as of 31 March 2021.

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Chris Hall

JULY 17, 2024

It just goes to show how unsettled the London market is by the developments of the last few years.” Watered-down protections The UK’s corporate governance model has long been seen as a beacon of good practice. “Let’s not underestimate the magnitude of these reforms,” Barker argues. There haven’t been changes of this scale for decades.

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Chris Hall

APRIL 18, 2023

The new guide highlighted that participation in collaborative stewardship initiatives increased from 68% in 2017 to 83% in 2020, with asset owners “particularly driving the change”.

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Stewardship Code Development 52

Chris Hall

JULY 4, 2023

“Voting rationales provided by asset managers are variable in quality, often lacking links with the managers’ voting policies and engagement (if undertaken) with the company.” The vote reporting template developed by the FCA’s Vote Reporting Group builds on the US Securities and Exchange Commission’s (SEC) ‘Form NP-X’, which details the proxy voting (..)

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Stewardship Code Sustainable Investment Divestment Climate Change 52

Chris Hall

JUNE 21, 2022

The consultation response was coupled with stewardship guidance to help trustees to more aggressively challenge asset managers on their voting. Our stewardship guidance also clarifies our expectations on stewardship, and highlights where disclosures can align with reporting to the UK Stewardship Code,” the DWP statement said.

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Chris Hall

FEBRUARY 21, 2025

Shaking up existing stewardship practices can take time, especially when the current approach is so deeply embedded. Many countries in Asia already have stewardship codes in place, including Japan, Singapore, Hong Kong and South Korea. Koreas value-up programme is inspired by a similar initiative in Japan.

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Chris Hall

JULY 18, 2022

In terms of drivers of geographic distinctions, he cited the recently strengthened UK Stewardship Code as one reason why European firms generally outperformed their US counterparts on clarity of voting policy. It remains to be seen what will happen in the coming proxy year.

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Chris Hall

APRIL 29, 2022

Some of the larger US charitable foundations have already declared deep commitments to targets related to the UN Sustainable Development Goals, such as the eradication of poverty and promotion of equality. It has its origins in 1992’s Cadbury report and code, which covers the financial aspects of corporate governance.

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Chris Hall

OCTOBER 7, 2022

While this tells the story of a dynamic and maturing market, professionals are finding it difficult to stay informed of developments. To help lift some of this pressure, in this article, I summarise important research on the effectiveness of ESG engagement and what is required to increase it. “No No man is an island”.

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Chris Hall

OCTOBER 17, 2024

Enhanced resourcing Maanch’s Engagement Tracker platform was launched in June 2022, initially developed in collaboration with Swiss private bank UBP to trace the impact of engagements over time and monitor escalations that can support investment decision-making. The code currently counts 289 signatories, collectively accounting for £50.3

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Stewardship Code Sustainable Investment Banking Development 59

Chris Hall

MARCH 1, 2024

The Nature Restoration Law (NRL) was passed by the European Parliament on Tuesday , but recent legislative developments suggest formal adoption by member states via the European Council is far from certain. Done deal? – Evolution or revolution?

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Chris Hall

JULY 5, 2024

Story time – The halfway point of the calendar year brings forth a stream of impact and sustainability reports from asset managers and owners, particularly in the UK, as signatories also comply with their obligations under the Stewardship Code.

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Chris Hall

SEPTEMBER 27, 2024

The Financial Conduct Authority’s decision to halt the development of an effectiveness metric undermines systemic stewardship, says Gustave Loriot-Boserup, Founder of Compass Insights. Following this work, the UK Stewardship Code 2020, which we still use today, was published.

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Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

JULY 26, 2024

Proposals to bolster sustainable finance in Europe include recommendations for a new region-wide stewardship code. Hungry for change – With six years to go, UN Sustainable Development Goal (SDG) 2 – which aims to end hunger, achieve food security and improve nutrition – is back to square one, at best.

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Chris Hall

AUGUST 28, 2024

Supervisory authority ESMA is calling for EU-wide stewardship code to hone and standardise investors’ engagement efforts and disclosures. There’s also the stewardship code introduced by the European Fund and Asset Management Association (EFAMA), which was first adopted in 2011.

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Chris Hall

AUGUST 10, 2022

Developing taxonomies is challenging enough; feeding reliable, credible information into those systems in a region as diverse as Asia with widely differing levels of regulation and transparency is even more daunting. . ” – Helge Muenkel, Chief Sustainability Officer at DBS .

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Chris Hall

FEBRUARY 21, 2025

After a pension fund-led coalition laid out new expectations for managers on climate related-stewardship, there were signs of consensus among customer and supplier over the name of the game.

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Chris Hall

SEPTEMBER 15, 2023

Big shifts and giant leaps – Ahead of next week’s SDG Summit , the UN published a report outlining the science-based “transformational shifts” (or “ systems transformations ”) needed to achieve the 17 Sustainable Development Goals , replacing the incremental and insufficient process made since 2015.

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Chris Hall

NOVEMBER 15, 2024

In particular, it indicated that it was likely to rule against Shell – or anyone else for that matter – developing new oil or gas fields for which there is no carbon budget. But it was the energy transition’s impact on mineral-rich developing countries that was in focus for some at COP29. “We

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